Listing Courtesy of Compass
$449,000
Potential Rebate: $6,735
CHELSEA STUDIO WITH ENDLESS POTENTIAL
Opportunity lives large in this sun blasted studio in the heart of Chelsea. Bring your vision and your contractor to create a home that suits your style AND your lifestyle.
Charming casement windows invite open city views and eastern light into this home with 9 ft beamed ceilings. There is currently tremendous storage including one walk-in closet in the main living space that could be removed to add a sleep alcove. Another large closet and dressing area add nice separation between the bathroom and living space. Even the kitchen floods with natural light!
There is no downside to transforming this diamond-in-the-rough into something quite special given the location and the building.
Situated in a well-run, prewar Co-operative at 201 W 16th Street. Residents here enjoy a caring building staff including a full-time doorman and live-in Super. Amenities include an absolutely stunning planted roof deck with iconic panoramic city views, lush plantings with many sitting and lounging areas. This pet-friendly building also offers private storage, bicycle storage, Fios and central laundry.
Convenient to Chelsea Market, the High Line, art galleries, fabulous restaurants and nightlife, shopping, marketing and all major transportation. It really doesn’t get better than this.
$3,680 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$6,735
Monthly savings impact
$19/mo
Effective Purchase Price
$442,265
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20043817
RLS at REBNY

2.5%
Experience
Member
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20043817
RLS at REBNY

Compare average listing prices and value metrics for 201 West 16th Street against the surrounding Chelsea market.
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
than the Chelsea price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

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